Business
Intermediate Capital Group plc : Q1 Trading S...
Intermediate Capital Group plc : Q1 Trading S....
About this update from Icg Plc
[{"type":"text","content":"\n\n \n \n\n Intermediate Capital Group plc : Q1 Trading Statement for the three months ended 30 June 2023\n\n Fee-earning AUM +2% in the quarter, positive momentum across ICG platform Highlights Total AUM of $82.1bn; fee-earning AUM ($64.1bn) +2% in the quarter, +18% annualised over the last five years1Fundraising of $2.6bn including $1bn for Strategic Equity V; $0.6bn for Europe Mid Market II2; and $0.6bn in Private Debt. Fundraising guidance maintainedSenior Debt Partners V, our flagship direct lending strategy, performing strongly: nine transactions totalling ~€2bn signed since December 2022Real Assets franchise building momentum: Infrastructure II activated at €125m third-party AUM, continuing to fundraise (Infrastructure I: €1.5bn total fund size); first seed investment made for Infrastructure Asia; ICG Real Estate announced formation of Metropolitan Last MileBreadth of ICG platform has supported activity levels in recent quarters, pipeline building in many strategiesMany opportunities for further growth lie ahead for ICG: our continued performance and long-term track record reinforce confidence in our ability to successfully execute on them AUM growth on a constant currency basis; 2. Europe Mid Market II is not yet activated or in fee-earning AUM Unless otherwise stated the financial results discussed herein are on the basis of alternative performance measures (APM) basis unless otherwise stated; see full year results Long-term growth Last five years CAGR1 Third-party AUM 19 % Fee-earning AUM 18 % 1 On a constant currency basis AUM 30 June 202331 March 2023Change1 Total AUM$82.1bn$80.2bn 2 % Third-party AUM$78.9bn$77.0bn 2 % Fee-earning AUM$64.1bn$62.8bn 2 % 1 On a constant currency basis Business activity &...